Exelixis drops quickly on day four of Cabometyx patent trial (update) [Seeking Alpha]
Exelixis, Inc. (EXEL)
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Exelixis drops quickly on day four of Cabometyx patent trial (update)May 19, 2022 1:08 PM ETExelixis, Inc. (EXEL)By:Joshua FinemanSA News Editor5 CommentsUpdate 1:08pmExelixis (NASDAQ:plunged 11%The judge in the case appeared to telegraph that he will find that the 776 patent, which goes to October 2030, won't beinfringed so MSN wins on this count, traders said, citing comments at the court hearing.On the 473 patent, the judge appeared to indicate he will find it valid, with EXEL winning with that patent going until August 2026, according to traders.Truist analyst Asthika Hoonewardene said EXEL investors should "buy in this dip" and that the firm's expert call anticipated that the EXEL would lose the '776 patent, though will likely win in their second wave of IP defense on the '439 and '440 patents."This should preserve Cabometyx IP to 2030," Hoonewardene, who has a buy rating and $35 price target on EXEL, wrote in a note on Thursday. "We encourage investors to buy in this dip."Jeffer
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EXEL
News
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- Institutional investors in Exelixis, Inc. (NASDAQ:EXEL) lost 3.8% last week but have reaped the benefits of longer-term growth [Yahoo! Finance]Yahoo! Finance
- Exelixis to Release First Quarter 2024 Financial Results on Tuesday, April 30, 2024Business Wire
- Global Liver Cancer Drug Market Size To Worth USD 7.6 Billion By 2033 | CAGR Of 10.90% [Yahoo! Finance]Yahoo! Finance
EXEL
Earnings
- 2/6/24 - Beat
EXEL
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- EXEL's page on the SEC website